Norwegian Pensionfund: Recommendation for exclusion of 6 new companies

 The Council of Ethics for the Norwegian Government Pension Fund Global, one of the largest investors worldwide, has issued recommendations to exclude 6 more companies from the investment portfolio.

Its annual report 2014 and the corresponding website give details on the recommendations concerning the following companies:

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Belo Monte dam project- a threat to local population and nature

The Belo Monte dam project in North East Brazil is currently the largest dam project on earth.

The price for the profits of involved firms is huge: the local population is being displaced, their environment destroyed and species are wiped out.

More details on BankTrack and international rivers.   ... →